The sixth day of January 2021 was the day the Treasury Department and Internal Revenue Service (IRS) decided to bring the IRC Section 451 regulation to a conclusion. However, the decision...
Posted by Jim McClaflin, EA, NTPI Fellow, CTRC on 02/17/2023
You may have considered a custodial account if you want more flexibility regarding how your child's education funds are allocated. That way, the money doesn't have to be used...
Posted by Rosovich & Associates, Inc. on 11/28/2022
College funding is increasing every year, and other methods to subsidize the fees have made no significant difference. The rise in fees is more than the rate of inflation, which stands...
Posted by Tiffany Gaskin on 11/10/2022
It's almost tax season, which means if you're a small business owner, or an individual looking for tax experts or accountants, you're probably looking for someone to help...
Posted by Pat Raskob on 09/03/2021
Student loan rates are among the lowest we have ever seen in history. However, while the rates may seem attractive, there are still a few things to consider before taking out a student...
Posted by Dennis Jao on 10/01/2020
Student loan interest stands out for having a lower rate, which might be attractive to many. However, there are still a couple of things to know if you consider taking a student loan. Effect...
Posted by Karen Munoz, EA on 02/17/2021
The OPR supports the IRS's strategy to improve tax law enforcement, ensuring that tax professionals meet tax practice standards and comply with the law. The OPR is the regulatory...
Posted by Flynn Financial Group Inc on 12/25/2020
On September 5, 2019, the Treasury Department and the IRS released proposed regulations that would affect when taxpayers report their gross income amounts. In general, section 451...
Posted by Don Bell Law on 11/09/2020
There are some rules from section 451 (c) as amended by the TCJA, which makes available ways to have advance payment in income for the tax year that it was obtained.The amendment of...
Posted by Elliot Kravitz, ATP on 11/07/2020
